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SasanSeifi 💁‍♂️Brent 👉1D🔼 90 / 94 Hey there! 😊 On the daily chart, As you can see, the trend turned quite bullish after it broke past that pesky resistance at 78 and overcame the dynamic resistance too. Right now, it's hanging out around 86. Fingers crossed, if it stays above the 82 mark, we could see it making its way up to the 90.70 resistance level and even touching the long-term supply zone. If it keeps climbing, we'll want to keep an eye on how it interacts with those resistance spots. Let's see where it goes from here! 🚀 Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗ Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
BLACKBULL:BRENTLong
by SasanSeifi
USDJPYAs a student of SMC, I've just shorted USDJPY earlier in the day on the 1H timeframe. There is a 1H OB where price showed a strong rejection (it may or may not respect it). Further more there is a divergence happening on the Daily Timeframe. Add on to more confirmation, there is a strong resistance where price shows there is a strong sellers happening at that 1H OB area. If you do have any suggestions or Idea's or even traders from SMC, drop down a comment down below. let's discuss more about USDJPY market structure. NOTE: I'm not a professional advisor nor a signal provider, trade at your own risk and MM.
Short
by Student_of_Forex
SasanSeifi 💁‍♂️APT 👉1D Hey everyone! 🎉 So, there's some exciting news: Microsoft and Aptos Labs are teaming up on new AI Blockchain Solutions! 🔥 Take a look at the daily chart! 😊 As you can see, the price has jumped from the support level of 6.47 with a nice buying demand and has grown by nearly 23%. It looks like the downward trend line is broken, and if the price pulls back or stabilizes, we might see a mid-term increase beyond $6.50. We might even reach resistance levels of 8.50, 9, and even 10$. For now, the support level on the daily chart is pretty crucial. Let's see what happens! 🚀📈 The potential trends are also illustrated in the above image. Let's see where it takes us! 🧐📊" Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗ Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
by SasanSeifi
Bitcoin About to Repeat 2020 Fractal!?!In mid August 2020 bitcoin was putting in something on its daily chart eerily similar to what is happening currently with the bitcoin price action. That 2020 chart is not shown here, but just to quickly recap for those who were not around then, bitcoin was coming out of a long bear market, putting in higher highs and higher lows, to the point of finding itself overextended inside of a rising parallel channel with triple bearish divergence on its RSI. This of course would result in a violent yet swift correction to the downside that sent the price to levels most people at the time was not anticipating. Fast forward to the present, and when we look at the chart, what is happening? Bitcoin is coming out of a bear market, putting in higher highs and higher lows, finding itself now overextended inside of a rising parallel channel with triple bearish divergence on the RSI ladies and gentlemen. Keep in mind that one does not need to view this as a fractal. Simple technical analysis tells one that when you have ascending price action accompanied by a bearishly diverging RSI, a correction most of the time ensues. As of yet, we have not had the corrective follow thru in price action but as we enter into the new trading week, one has to believe it is now imminent. So what levels should we be interested in as a buying opportunity if we breakdown? I can start off by saying that a shallow move to the downside is extremely optimistic. And although price can reverse at any random point, it would not be wise to go long if we are to react at any shallow pullback in price. It is my humble opinion, that if we are to confirm a breakdown of the key 29500 level on the daily, the most optimum level for a long would be at the deepest level possible where one can strategize a proper stop loss. That would be the 88.6% fibonacci retracement from our recent high down to 24758, which puts the entry at about 25500. This also is an area where a value area low is located which gives this spot great confluence. Bitcoin in August of 2020 made this same deep retrace to a VAL area before finding a bottom. And not just a bottom but THE bottom. Bitcoin would never come back to those levels ever again and would run all the way to 69k. That is why everything in this idea is so important. What about levels before 25500? One has to believe that there is some sort of bounce area before the extreme value area low. Well if we look at the present chart, we see a nice range between our 61% retracement (27500) and the point of control (POC) of the value range at about 26800. Any support level above those 2 will be extremely thin and will most likely result in nothing more than a dead count bounce. Short sellers will jump heavily at any bounce if and when we begin to breakdown which is why any bounce at a shallow retracement will be difficult to trust as a bottom/reversal spot. Many people are beginning to flip their bias short, so naturally, one must gameplan if this does not playout. A scenario in which this bearish idea may be invalidated, could come about if price action maintained itself above 30k while the RSI and any other bearish looking oscilators reset. If the RSI can find itself back into the neutral zone before a breakdown occurs, there would be hope that a severe correction in price may be avoided. One way or another, however, something now has to give and correct itself. The question, is will it be the indicators, or the price action on the chart just as it did nearly 3 years ago to date. Either way, one last buying opportunity of a lifetime for the number 1 cryptocurrency asset could be just on the horizon.
BITSTAMP:BTCUSDShort
by TradeVibez
3
BTCUSDT 4H Review!Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. When we unfold the trend based fib extension grid, we see that the first support is at $29232, then we have strong support at $29148 and the third at $29042. Looking the other way, the first resistance the price is below is $29292, then the second resistance at $29360, the third at $29415 and then we have a strong resistance zone from $29472 to $29550. The CHOP index indicates that there is energy for a move, the RSI is near the middle of the range, and the STOCH index indicates that downward movements are stronger, which may pull the price lower.
by cryptodailyuk
1